The estimate for the construction cost of a new electricity link between between GB and Norway has been reduced. The new link will be owned and operated by National Grid Interconnector Holdings (NGIH) and by Statnett, the Norwegian transmission system…
Author Archive for New Power
Abu Dhabi Investment Authority picks up Scotia Gas Networks stake from SSE
by New Power • • Comments Off
SSE has agreed to sell a 16.7% equity stake in Scotia Gas Networks to wholly owned subsidiaries of the Abu Dhabi Investment Authority (ADIA), for £621 million based on an effective economic date of 1 April 2016. SSE owns half…
Capacity Market could bring forward 2GW of battery storage – and two new large gas plants
by New Power • • Comments Off
Batteries could provide almost as much storage as pumped hydro in four years time – if projects that have prequalified for the upcoming T-4 Capacity Market auction win contracts. Over 2GW of battery storage projects have prequalified to enter the…
Capacity Market: BEIS cap on Enterprise-funded schemes ‘does not go far enough’
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The government has not gone far enough to stop companies from accessing ‘double subsidy’ that allows them to undercut more beneficial technology in the Capacity Market, according to a report produced by Ecuity for UK Power Reserve. The government has…
Ofgem: temper overambitious ‘Gone Green’ assumptions to manage network spend
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National Grid has placed too much weight on its ‘Gone Green’ Future Energy Scenario in the way it proposes to assess where the electricity network requires immediate reinforcement, regulator Ofgem said. It has asked the System Operator to look again…
Bristol Energy plans renewable tariff after signing up local generators
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Bristol Energy is set to add a renewable tariff to its offering. The company has signed power purchase agreements (PPAs) with a raft of local renewable energy sites and is looking for more. Managing director Peter Haigh told New Power…
Brechfa Forest West wind farm connection wins development consent
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WPD has won development consent to install a 132kV electric line of 28.6km, connecting the consented Brechfa Forest West wind farm to an existing overhead line near Llandyfaelog. Overhead line will be employed for 25.3km of the new link and…
NEAS signs PPAs with five Baywa.r.e sites
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BayWa r.e. has signed 15-year power purchase agreements (PPAs) for five solar parks in southern England and Wales totalling 83MWp. The contractual partner is the energy trading company Neas Energy. All five solar parks have achieved 1.3 ROC accreditation .…
Citizens Advice welcomes May’s promise of action to help energy customers
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Citizens Advice has welcomed prime minister Theresa May’s promise to “set the market right” in energy. Gillian Guy, chief executive of Citizens Advice, said: “The prime minister is right to call out businesses who are letting down their customers –…
Coal to hydro storage plant takes a step foward
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Plans for a new hydro pumped storage plant making use of an abandoned opencast coal mine for its water storage took a step forward this week, when developers applied for an electricity generation licence. The planned Glen Muckloch plant, near Kirkconnel,…